Stimulus Impact on Growth of Renewables: EIA Releases Special Forecasts

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The Energy Information Administration (EIA) released last week a special report forecasting the impact of the Stimulus (American Recovery and Reinvestment Act) on the renewable energy industry.

This is the first time the EIA has issued its energy forecast report in April--normally the reports go out as end-of-the-year summaries.

The report's data were organized according to two scenarios:  one, based on the impacts of the federal Stimulus across energy production, consumption and greenhouse gas emissions; the comparative summary was modeled on a scenario examining similar areas as if the Stimulus didn't happen.

The biggest renewables winner under the $787 billion Stimulus appears to be the wind energy sector, which will be more than doubled compared to a no-Stimulus scenario, with 286 billion kilowatt hours of production forecast by 2012, compared to 86 billion kilowatt hours of production forecast under no Stimulus.

Other sectors, including PV solar and geothermal energy are forecast to experience significant gains from the Stimulus, on the order of 15-16 percent growth by 2012 to 2013.

The US Department of Energy under the Stimulus is providing $42 billion in grants for renewables and energy efficiency, along with more than $130 billion in tax credits and loans.

Overall residential and commercial energy consumption, along with energy-related carbon emissions are forecast to be slightly improved under the Stimulus.

The Stimulus is expected to reduce home heating use by 1.7 percent and cooling by 3.4 percent by the end of the forecast period (2030), saving consumers $64-98 a year on their energy bills. 


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About the Author

    Warren Karlenzig
Warren
Warren Karlenzig, Common Current founder and president, has worked with the United Nations Department of Economic and Social Affairs (lead co-author United Nations Shanghai Manual: A Guide to Sustainable Urban Development in the 21st Century, 2011); United Nations Center for Regional Development (training of mayors from 13 Asian nations on city sustainable economic development and technology); provinces of Guizhou and Guangdong, China (urban sustainability master planning and green city standards); the United States White House and Environmental Protection Agency (Eco-Industrial Park planning and Industrial Ecology primer); the nation of South Korea ("New Cities Green Metrics"); The European Union ("Green and Connected Cities Initiative"); the State of California ("Comprehensive Recycling Communities" and "Sustainable Community Plans"); major cities; and the world's largest corporations developing policy, strategy, financing and critical operational capacities for 20 years.

Present and recent clients include the Guangzhou Planning Agency; the Global Forum on Human Settlements; the Shanghai 2010 World Expo Bureau; the US Department of State; the Asian Institute for Energy, Environment and Sustainability; the David and Lucile Packard Foundation; the non-governmental organization Ecocity Builders; a major mixed-use real estate development corporation; an educational sustainability non-profit; and global corporations. Read more here.

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About this Entry

This page contains a single entry by Warren Karlenzig published on April 27, 2009 9:21 AM.

City Clean Tech Incubation: How Does Toledo Beat Austin? was the previous entry in this blog.

Time for a new Mother of All Demos: Channeling the Stimulus, ARPA-E and Energy Frontier Research Centers is the next entry in this blog.

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